Registered number.. 00989820
Charity number: 261726
PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
CONTENTS
Page
Reference and administratlve details of the Charity, its Governors and advisers
Chairman's statemènt
Governors, report
Independent auditor5, report or) tlie firiaiiLi&il statefflents
Statement of finanGial activities
4-13
14-17
18
Balance sheet
19
Stalemerst of cash flows
20
Notes to the financial statements

PURLEY PARK TRUST LIMITED
IA Company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS GOVERNORS AND ADV]SERS
FOR THE YEAR ENDED 31 MARCH 2024
Governots
Mr S R Barstow
Mrs A Cullimore-Todd
Mr L D Jones OBE FCCA, Treasurer
Miss R Keellng, Chalr of Trustees
Mrs S Robinson (resigned 26 July 20241
Mr C Trickey
Mrs S Vandersleen
Mr % Lp.wis lappointÈd 27 April 20231
Governors, who are Trustees, are appointed by the existing Governors and Confirmed at the Annual General
Meeting. They seNe for a term of three years, when they may submit themselves for re-election. The Chairman
is elected by the Govemors and may serve as Chairman for no more than Iwts consecutive terms.
Company registered number
00989820
Charity rp.gi*tered number
261726
Registered office
Pudey Park Trust, 12 Huckleberry Close, Purley-on-Thames, Reading, Berkshire, RG8 8EH
Company secretary
Mr L C Grady
Senior management team
Larry Grady, Chief Executive Officer
Karen Taylor, Head of Finance & Resources
Debbie McKay, Training & Development Manager
Independent auditors
James Cowper Kreston Audit, Reading Bridge House, George Street, Reading, Berkshire, RG18LS
Bankers
National Weslminsler Bank Plc, 74 School Road, Tilehursl, Reading, Berkshire, RG31 SST
Solicitors
Field Seymour Parkes, 1 London Street, Reading, Berkshire, RG14QW
Page 1

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
The chairman presents hèr slalemenl for the year.
I must begin by offering my sincere thanks lo my fellow Trustees and the officers and staff of the Trust for the
way they have continued lo respond lo the wide variety of challenges presented by the current economic
environment
For another year we have continued lo èxpand our services in a sustainable mann&r and extend our reputation
for providing services of a very high quality. We have continueo our considerable Investment in improving and
maintaining the quality of our established services. We have also continued lo acquire new properties in order lo
provide new supported living services with young people and their families. These serdi¢es help people lo live
independently, lo have choi¢e and control over their lives and who they live with, within the communitie5 they
have grown up in, and lo remain in Close contact with their families and friends. Over little more than a decade
the supported living seril¢e has grown from noihing to a service comprising a number of very allraclive owned or
rented properties in the community. These properties provide ex¢ellenl accommodation for 29 lenallls.
In this financi21 year we have also deregistered and refurbished one ol our Care Homes lo provide more high
quality supported living accommodation. This has been achieved in a manner that genuinely works in partnership
with people we support and their families lo do things beller.
As part ol our non-funded commitment lo the people we support and the wider community. our'social hub, al the
Rei11y Rooms offers a vibrant environment for people lo spend their leisure lime, engage in new experiences,
learn new skills and undertake paid employment.
The demand for our services is very high ancl reflects our good reputation wlh our commissioning authorities
and our popularity with the people th21 use our services and their families.
Almost all of our referrals are still generated through word of mouth recommendations, and this very much
matches our vision and values. The people we support continue lo be our main priority, and this is reflected in
how WÈ priorilise our resources and inveslmenls. We ¢onlinue lo focus on providing excellent support for them
and if we gel this right, there is little need to invest in rnarkeling and advert15ing. We not only think that thi5 IS an
ethical way to proceed, bul il also helps us achieve our aims of being lean and efficient. Our overhead costs are
much lower than comparable organisalions because..
we don't waste money on things that don't have a direct impact for our beneficiaries
we aim lo deliver the things we need to with as much efficiency and a5 little waste as possible
We are receiving referrals for Care Homes Services, Supported Living services, Domiciliary Care and Day
Serdices at an increasing rale and we anlicipale that this trend will continue. We will ¢onlinue lo develop our
services in the forthcoming year in line with our ¢ommilmenl lo enable people with local connections lo gel the
support they need within their own communities.
The cost of living crisis continues lo have a serious impact on our ability lo maintain our services to the high
Standard we expect. Thi3 impact is particularly marked in the folluwiny ie¥peGtb.
The finan¢ial pressures upon Local Authorities and other agencies who purchase our services.
The challenges of working with new commissioning aulhorilies, such as Inlegraled Care Boards, who do not
have experience of working in partnership with community based organisalions
the ¢051 of maintaining the staff and support systems needed lo meet the increasingly complex needs of new
referrals.
the cost of training and support lo ensure our staff have the necessary skills, knowledge and Gommilmenl.
the regulatory pressures that require investment in activities and processes that we ourselves do not
necessarily identify as essential.
continued investment in our current services to ensure they continue lo provide a safe, comfortable and
pleasant environment
the development of new, bespoke, services that are designed around the needs of people we already
support or who cannot find the support they need elsewhere.
Page 2

PURLEY PARK TRUST LIMITED
IA company limited by guaranteè)
CHAIRMAN'S STATEMENT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
In particular, the critical shortage of staff in the wider social care sector and the many laclors that are likely lo
make this worse
I musl emphasise the vital importance of a ski51ed and moliv81ed workforce and healthy organisalional Culture to
the success of our charity. Our staff and Managers are the most important factor in deletmining the quality of the
serdices we provide and we work tirelessly lo develop and sustain a culture and environment in which everyone
feels valued and are empowered lo use their skills and inilialive.
Our objectives lor the coming year reflect the themes over recent years and include..
Enoaging with our partner agencies lo ensure that OUT services continue lo meet their comrnissioning needs.
Continuing lo invest in innovative ways lo support the independence and safety ol the people we support.
Increasing the effectiveness of 5UPPOrt and coaching for our staff teams
Ensuring that we have a clear 'career progression, ladder that promotes staff development, motivates
talented staff lo remain with the Trust and enhances our su¢¢ession planning
M8intaining the support systems necessary for supporting people with very complex needs
Continuing lo devolve decision making. Within a ¢lear strategy and vision for the Ttusl, most decisions
should be made as close lo, and with as much involvement of, the people we support as possible,
Progressing our plans lo re-develop some of our Care Homes lo ensure that the accommodation we provide
Can continues to meet the needs ol the people we support.
Engaging effectively with ciur local community In ways that benefit the people we support.
Maintaining a recruitment 51rategy that ensures we ¢an continue lo allracl people with the right values, skills
and Commitment.
Ensuring that our leaders can focus as much lime and energy as possible on ensuring we provide excellent
support for every person, all of the lime
Continuing lo be a leader in our field.
We have always sought lo allrad and relain the best staff through paying competitive salaries and by ensuring
that tho TrLlSt is a grp.at p12r.p. tn work In the coming year we will continue lo benchmath. salaries at 811 levels of
the organisalion lo ensure that they are within the lop len per cent of salaries in our area for Comparable roles. In
view of how low salaries are in social Care when Compared with other foms of employment, we are aware that in
terms of fairness and ¢ompetilivenes5 we may also need lo benchmark against skilled roles outside social care
ernpSoymenl,
The proper governance of the Trust conlillues lo be a high priority for the governors. The TrLJsI is lucky lo have
such a cotmmilted and skilled group of Truslees.11 has been an honour and pleasure lo have been elected as the
¢hair of Purley Park Trust and I think il says a great deal about us that someone who joined many years ago as a
Support Worker is now in this role.
Finally, I would like to thank our CEO, the Senior Leadership Team 2nd all of the staff al Purley Park TrLJSt for
their continued dedication, hard work and the very real differen￿ they make lo the lives of the people we
support.
R Keeling
Chair ol Trustees
Date..
Page 3

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Governors (who are also the directors of the ¢harily for the purposes of the Companies Acll present their
annual report together with the audited financial slalemenls of Purley Park Trust Limited Ilhe charilyl for the year
ended 31st March 2024. The Governors confirm that the Annual report and financial slalements of the charity
Gomply with the current slatulory requirements , the requirements of the charity's governing document and the
provisions of the Slalemenl of Recommended Practice ISORPI, applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021,
effective January 1 sl 2019.
Objectives and Activities
Charitable objects
The Governors, as Trustees of the Charity, mindful of th& Charity Gomrnission's guidance on 'Public Benefit, are
satlsfied that the Memorandum fullils the criteria and that the activities of the Trust are wholly and exclusively for
the public benefit. All the beneficiaries of the Trust's aims and activities are people with a learning disability lin
many cases with other forms ol disabililyl or other cognitive impairment, who are unable lo live fully
independently. How much support people need, and how they wish this lo be provided, is a very individual
maller bul all need help with some or all aspects ol their daily lives,. empowering and enabling them lo lead
rewarding and fulfilling lives is fundamental lo the Trust's values.
What we aim to do
To provide excellent ac¢orllmodalion and support for adults with learning disabilities who are unable lo lead
fully Independent lives.
To make sure that people are living in safÈ, healthy environments that reflect their needs and wishes.
To develop new setvices in partnership with people so that they live where they want, with who they want lo
live with.
To ensure that when people 8re sharing their a¢¢omrModalion in situations that may restrict some of these
choices, we will do whatever we can lo make sure that people like and gel on with the people they share
with.
To work with each of the people we support to make sure we are clear what support they need and how they
want il lo be provided.
To work with eaGh of the people we support to make sur¥ Ilidl we kriLTrW what is important to them and make
sure those things happen
To build excellent relationships with each person we support and, where appropriate, help maintain circles of
support around them, including the people that are most important lo them
To make sure that people are supported to make the decisions that affect their lives and, where they are not
able lo do so, that decisions are based upon what those that ¢are about them think they would have made
To support people lo identify and achieve changes that they want lo make in their lives
Our Vision.
Wa will be known for our inlegrily, our passion and our commitment lo getting things right for each person we
support.
Our Values
Everyone Counts - we will support each other lo make this a great place lo work and ¢hallenge each other
lo make things beller
Respect and Dignity- We will show care, compassion and respect in everyLhing we do and say
Commitment lo Quality ol Life- We will be passionate, dedicated and determined lo do an excellent job. We
will t@11 esch other whon things go reslly well.
Working Together We will striv8 to improve what wtt do. We will build partnerships and work together lo
make things beller.
Compassion - We will listen, understand and learn so that we can support people in the way that works best
for them. We will never forget that the only reason we are here is the people we support.
Page 4

PURLEY PARK TRUST LIMITED
IA company limitèd by guarantee)
GOVERNORS, REPORT ICONTINUF.ni
FOR THE YEAR ENDED 31 MARCH 2024
Improving Lives
happen.
We will find out what's important lo each person we support and help them lo make il
How we meet our aims and values
We have eight houses at our main sile al Purley Park, seven of which are registered as a care home servi
for accommodation and support. They are home lo a lolal of 52 people (when fully occupied). They are all
purpose built, bul vary In size and style with bebNeen five and elght people we sUPPOrt in each. EdLlI liuuse
Is domestic in scale arid furnished lo a high standard, bul wrth appropriate specialised equipment and
We also provide Supported Living Services in our local cornmunily," currently we support 29 people in their
awn hornes. We are registered with the Care Quality Commission as a Domiciliary Care Agency, so that we
can provide personal care for those people that require it.
In October 2019, Mill Lane Lodge was added to the portfolio of services that we manage. This property
currently supports 8 people in a large property in 3 a¢res of land, offering unique opportunities
We provide Day Services for people who live al Pudey Park and also for a small number of people who live
elsewhere lon our main sile in Purley and al Mill Lane Lodge, in Padworthl
The Managers and staff that provide our services are our gre31esl asset. They artt 811 trained and skilled,
with a high proportion having many years experience and advanoed qualifications. We provide the majority
of this training ourselves so that we can be certain that il equips our staff effectively to carry out their roles
and matches our values and expe¢talions.
We plan Carefully with each ol the people we support so that we can meet their needs and wshes. We also
encourage and enable the people we support lo lake part in a wide range of activities. Our Day Sepii¢es
Staff, together with other organisalions, provide opportunities for the people we support lo develop their life
skills to help them lo lead as independent and inclusive lives as their abilities allow.
How we measure our 5u¢¢ess in achieving our aims and objectives
The single most important rlleasure of our success is the experience that the people we support lour
beneliciariesl have of being supported by us,. by ils very nature this 15 a subjective judgement bul our success is
reflected in thÈ pÉrson21 stories of A.ar.h p?r8nn we havé the privilege lo support.
Our most effective ways ol measuring our succèss depend upon the close and enduring relationships that staff
al all levels tsf the Trust have with the people we support. This is assisted greatly by the limitations we impose on
the number of people we support and the tight geographical LO￿lI0n ol the services we offer.
We invest heavily in the living environments we provide lo make sure that they are nice, safe places lo live that
maximise peoples, quality of life and independence. Recent examplès of the level of commitment we make lo
help people lind an environment that works for them include the purchase ol a bungalow and building an annexe
on lo a property for hmo young men that we support, when their relationships with people they live wrth had
become strained. These investments have enabled them lo carry on living near their farnilies, in their local
communities.
We 81s0 have a comprehensive range of internal quality monitoring tools that help us lo assess how well each of
our services is meeting the needs and wishes of each of the people we support. We facilitate an annual review
for each of the people we support lo as51St them land people who know and care about them) lo tell us how well
we are doing and what they want us lo change, do beller or help them with over the following year.
We pay great attention lo feedback we re￿1ve from people we support, their families and all of the other people
we Gome into contact with when doing our work. We welcorlle complaints las opportunities lo learn and to
improve what we dol and compliments las evidence that we are doing things welll.
Page 5

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Reputation is a difficult thing lo measure but anecdotal ewdence suggests that il is very strong,. we re¢eive far
more referrals than we are able to manage and the way we receive them is also informative..
most referrals are from professionals that have worked with us in the past
other referrals have come from people who do not know us, bLJI have been told good things about us
we received a referral from a health professional that we work closely with and who has a close relative
tliiil requires support- as close to the Care Quallty Commission's 'MLJm Test. as we are likely to get.
We also welcome the rigorous quality monitoring inspections we receive from external bodies, including..
The Care Quality Commission, who have assessed all of our services as meeting a 'Good' standard ol
care, with some services rated as 'Oulslanding' in areas of their work.
Wesl Berkshire Council, who have given us very positive feedback following their qu81ily monitoring visits
lo services
Local Environmental Health inspections, whioh have assessed all of our Care Homes as meeting very
high standards
Review of the past year and what we have achieved
As in previous years, our main achievements are reflected within the personal stories of the petsple we support
and their friends and familiès. In nrdgr trj qiippr)rt pp.opl•. lo make these changes WÈ need to retain a focus on
our viability and integrity as an organisalion, relating lo which the main objectives that we set ourselves last year
were".
lo maintain high o¢¢upancy levels in our Care Home Services
lo expand our Supported Living seNices
to continue lo improve the financial suslainabilily of the Tmsl's operations
to Gonlinue recent work in relation lo ensuring our values and vision are fully embedded within our
working culluie
DeiTriaiid lui uui C4ti¥ Hutne Servi￿5 has been high and exceeds our Gurrent capacity. While there have been
some vacancies in these services over the last year, these are ones that we have held deliberately in order lo
adapt what we offer in response lo signili¢ant changes in some peoples. needs. We also lake great ¢are when a
va¢anGy arises lo ensure we can meet the needs of people referred lo us and this means that there can be some
lime between vacancies arising and people moving in lo their new home.
There remaill a number of situations in which peoples, fees are significantly below the costs of providing them
with a servi￿. However, while these people are happy and well supported al Purley Park Trust, it is unlikely that
they would be referred lo us if they were looking for a seNice now Idue to the level and nature ol their needs)
and their fee levels probably do meet the level of 'personal budget, they might receive. In the past we have taken
the wew th8t pushing thestr funding authorities for additional fuiidiiig Is very likely lu 4% Guuiiler-produclive
exercise insofar as the interests of the people we support are concerned. However, we will be engaging with the
lo¢al authorities involved in the ¢oming year in order lo ensure that the fees we receive more Glosely reflect the
cost of the support we provide.
Our Supported Living Services have ¢ontinued lo be highly successful, which has led lo increased demand from
local authorities seeking similar services that offer good value and high quality. We are very proud of the fact that
our supported living services have enabled people with complex needs lo live within their communities instead of
in expensive 'specialisl' services away from their homes and families.
Although the adoption of Mill Lane Lodge was not Something that matched our objectives, we became involved
with the service in early 2018, in order to ensure that the eight tenants living there could continue lo do so. This
was an opportunity that arose because of the work we have put in lo developing the success and reputation of
our services and our commitment lo working with anyone locally that is interested in progressing the positive
interests of people with learning disabilities.
Page 6

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS, RF.PORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
The eventLJal outcome was that in late 2019 we took over the ownership and rnanagemenl of the property,
surrounding land and the support of the people living there. This project reflects our Ilexibilily and ability lo
respond to unoxpected opportunitios and challenges. within a wp.11-defined lono-term strategy. As noted earlier.
su¢h an acquisition was not part of our business objectives bul se¢uring the lenanoies of the people living there
and improving the quality of the support they received were clearly within our charrtable objectives. In the longer
term the 10¢8tion offers significant opportunities and we are planning and investing in developments that will
realise these for the benefit of the lenanls, other people we support and the local community.
Our Day Services provision on our main sile has been the are most affected by the Coronavirus pandemic and
was closed for long periods of lime from February 2020. This has gave us an opportunity lo consult with our
stakeholders and fundamentally reiqew what we offer and how this is organised. As a result of this, in the
Summer of 2022 we Converted the Day Service building on our main sile into a Calélsocial hub. This still offers
some organiq?.d Ar.tivitig.£ bul in bookable sessions run by externally sourced 'experts' bul al other limes il
operates as a café and meeting place for people we support, staff and other local people, wrth opportunities for
paid work for people we support.
In addition to this we will be continuing lo invest in opportunities for people lo gel involved in gardening,
cullivalion and animal husbandry at Mill Lane Lodge.
We have not actively marketed our Domiciliary Care service and have declined opportunities lo 'lender' for Ihis
type of provision. While we think there will be some demand for this type tsf support, the Majority of Contracts
being offered by commissioners are lor high volumel short visit types of provision that do not match our
strengths or our charitable objects. 11 would also be against the vision and values ol the Trust to work in the way
that some of the local authority commissioning arrangements are starting lo demand (for instance, providing
support lo people with any kind of need, bidding by e-mail lor short-visit conlracls, elc....
However, in response lo the increase in loneliness and the restraints on support available lo people who are not
eligible for formal social care support, we are slowly extending the support we provide lo people that live in our
local community who might need short-lerm support, befriending arrangements or other informal help and
support.
We have had a number of soci81 work students on placement with us and a number of other students studying
for their Diploma in Care on a shorter term basis. In addition Ic) all ol the other benefits this brings Iwhich are
significanll, our Leaming and Development Manager is able lo offer in-placemenl practi￿ teaching to the
students, for which we earn some income.
Once more we have also hosted a number of Thames Valley Police trainees on short s¢¢ondmenls, an
arrangement which Continues lo be very successful and enjoyable, as well as a number of work experience
placements for students in their later school years on work experience placements.
Review of finances
The Statement of Financial Aclivilitss shows a surplus of £570k against an annual turnover of £6.102m
(excluding the gain on the sale of property).
Total operating income increased by 9.30kn, due to..
new and increased support packages for people we support.
Successful negotiations reg8rding fee levels that had fallen below realistic levels
Operating costs rose by 4.2¢/0 due to..
significant investment and depreciation ¢osls for our properties
Inflationary pressures on goods and services
Increases in remuneration for th& Trust's staff and the high costs associated with temporary staff
P8ge 7

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Administration costs
Dirp.r.t r.h2ril2hlè expenditure and support ctssts continued lo account for the vaÈt majority of total operating
expenditure and governance costs accounted for only 0.10/0 of fee revenue.
The pay and iernuneraliDn of the Charity's key staff (currently identified as the Chief Executive, Head cif Finance
and Resources and the Learning and Development Managerl is reviewed and sel by the Governors al their
January meeting, al the time that they agree the budget for the. following financial year. This takes place in
closed session and is informed by".
The performance of the Chief Executive as assessed in an annual appraisal, which is carried out by the
Chairman
Appraisaltr of the pcrforman¢c of the Head of Fin8n¢¢ and Resources and the Ltarning and Developiiionl
Manager, which are carried out by the Chief Executive
Assessments of how well the overall objectives of the charity are being mel, including financial
performance
Comparisons wilh pay and remuneration levels in other similar organisalions and within the charity
Reserves Policy
The Govemors have reviewed the Trust's Reserves Policy this year and detemiined that the TrLJsI's reserves
should continue lo equate Its 60 days average expenditure and be made up of cash al bank and in hand. This
Reserves targei Is Influenced by the risks the Trust is exposed to, particularly the very uncertain financial climate
and the risks lo our income streams. This figure is ¢urrenlly estimated at £960k for 2024125. The funds available
as al March 2024 amounted lo £1,195k Inet of assets in designated funds).
When reviewing the accounts the Trustees determined that the following assets should be held in designated
funds".
An amount of £50k for essential repairs lo the trusts properties
An amount of £5.6m related lo the Trust's tangible fixed assets, including land and property in the Trust's
ownership. These assets are regarded as being essential lo the sustainable operations of the Trust and
will Iiut be realised in the foreseeable future.
The Governors also accept that the sclual reserves figure will be fluid as il will be affected by the Trust's trading
posilioll. Their long term aim remains lo allempt lo maintain or extend the target, although not lo the detriment
of essential investment in our services.
Demand for the Trust's services is expected lo remain very strong, al least partially miligaling the effect of Local
Aulhorilies, underfunding. The Governors consider the balance sheet position al 31 March 2024 to be sufficient,
with adequate assets lo meet the Trust's routine liabilities.
Inve8tmÈnt Policy
The Trust has no stock or share investments nor any long-lerm cash inveslmenls. Cash reserves are invested
with the Charity Offices Investment Fund ICOIFI in accessible dttposil accounts in sterling in United Kingdom
inslilutions. In the past this has allowed for development costs and capital expenditure lo be handled on an 8$
required basis whilst achieving some investment in¢ome. Cash reserves are deposited in low-risk managed
accounts which generally avoid especially contentious issues. FLJnd performance has generally been acceptable
in a period of low interest rates but the governors will be reviewing our investment strategy in the 2024125
financial year lo make sure th81 we achieve an effective balance of risk and relum on our investments.
Page 8

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Description of our organisation
Purley Park Trust Limited is governed by ils Memorandum 8nd Articles of Association. We are registered with
the Care Quality Commission ICQCI who regulate and inspe¢l our Care Homes and Domiciliary Care Services
under The Care Quality Commission (Registralionl Regulations 2010, the Health and Social Care Act 2008
IRegulaled Activiliesl Regulations 2010, the Health and Social Care Act 2008 and the Care Act 2014,
Purley Park Trust Limited is a charity registered with the Charity Commission lllumber 2617281. 11 is also a
company limited by guarantee with no share capital (company number 9898201.
How we organise ourselves
Our Trustees
The strategic direction of Purley Park Trust Limited is the responsibility of the Board of Governors, who are the
Trustees of the Charity land Directors of the limited company).
Trustees are referred lo as Governors for historical reasons - our founder, Col. Hugh Dun¢an initially set up the
Trust as a school lor boys with learning disabilities. The Governors, experience and qualifications are such that
they can make a valuable conlribulitsn lo the strategy and overall mariagemenl of Purley Park Trust, and all of
them hsve an active interest in our aclivilies. Potential Governors are identified usually through personal conta￿$
amongst current Governurs and Staff, or approaches from inlerested parties. Trustees are then selected on the
basis of their professional experience, qualifications, skills and comrnilmenl lo the aims of the Trust, as well as in
relation lo the need for the Trust to have a broad range of expertise relevant both to the charitable aims of the
Trust and the proper Gondu¢l of ils affairs as a company limited by guarantee.
A prospective Governor will apply formally in writing lo be elected as a Member of Purley Park Trust Limited snd
then lo be considered for election to the Board. He or she will submit a Curriculum Vilae and explain why they
wish to become a Member and Govemor, and what they believe they will be able lo contribute lo the good
governance of the Trust. All Governors are sent copies of the application, which will be considered al a Board of
Governors Meeting.
All prospective Govemors (who are not known personally by a Gurrenl Govemorl, will need to provide references
and all Governors are subject lo a Disclosure and Barring Service enhanced disclosure Gheck.
As the Governors are also Company Directors, they comply with the rules goveming eligibility for appointment as
cormpany dire¢lors, in accordance with the requirements of the Companies Act 1985. An Induction Pack is
provided for all new Governors, and this includes guidance provided by the Charity Commission, and
professional advisers as well as de18ils about the Trust. The Trust has a 'Govemors Training Fund which a
designated fund Ihal is used lo defray the Costs of Governors, allendance al training courses, seminars,
conferences and so on that are relevant lo Iruslee duties, as well as subscriptions to governance periodicals.
Governors carry out a form of inspection. The format of these inspections is loosely proscribed to enable
governors lo determine issues lo examine on a subjective basis when they visit.
Our Management and Staff Structure
Overall responsibility for the Trust's day-104ay management is delegated lo the Chief Executive, Larry Grady.
Our Operations are overseen by Roberta Oelenon, OUT Operations Dire¢tor.
Each of our Care Homes is led by a Registered Manager, who is supported by an Asslstanl Manager and learn
ot Senior bUPPOrt Workers and Support Workers.
Page 9

PURLEY PARK TRUST LIMITED
IA company limited by guaranteè)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Our Domiciliary Care and Supported Living Services come under the direct management of Roberta Delenon
and Disna Eail who 2re th8 regiÉterod m3nagery of thè Domiciliary Carc Agcncy. In practical tcrm5 their role8
are very clearly defined in terms of management responsibility and accounlabilily lor our different supported
living services.
The day lo day running of the Trust's finances is managed by Karen Taylor, our Head of Finance and Resources
2nd Alir.p. Ritr.hmond, OLir Finance Mgnag8r.
We havtt a dedicated Manager for Learning and Development, Debbie Mackay who oversees staff training and
development.
C)iJr olhpr flinclions. gardell gnd grounds, 2nd maintenancè sre c2rried out on 2 dÈp2rtmenlal basis. Each
department has a manager and a dedicated budget.
Currently we erllploy about 185 staff, the vast majority of whom directly deliver care seNices lo the People we
support. 11 remains our aim to keep oui adminislralive staff and costs to a minimum.
Tho Board of Governors meets quarterly to receive reports from the Chief Executive and operational managers,
and lo decide policy on matters as necessary. Annually they consider and approve the budget proposals,
approve the audited accounts and review the Health and Safely Policy and Risk Management Plans. The Chief
Executive reports between quarterly Board Meetings lo the Chairman and the Treasurer. On-site inspections of
the operation of the Trust are regularly conducted by Governors. Thè Chief Executivg and PinvprnrJr8 wnrk vp.ry
closely together lo ensure the smooth and efficient operation of the Trust within the policies and strategic plan
agreed by the Governors and in accordance with legislative requirements and registration 51andard5.
Review of relationships with other organisations
st Luke's Trust
Iln October 2019, the social care services provided by Sl Luke's Trust were transferred lo Purley Park Trust.
Staff worf(ing in those services have become employees of Purley Park Trust under TUPE arrangements, Sl
Luke's Tru51 also transferred the land and property associated with their social care services lo Purley Park Trust
in the form of a donation. This generous slep secured the tenancies of the people that rely on the propety for
their accommodation and support.
Future Plans
The provision of Care Horne SeTrvices will continue lo be our core business and il is our aspiration that we
achieve excellence in this area. Demand for the unique environment we provide remains very high.
We shall however continue lo diversify our soNices, albeit while remaining a relatively small, local provider of
excellent services. In parti¢ular, we will respond lo demand lor new supported livirig services from people we
know and their families alld from commissioners by developing new services of this type. In doing so we will
priorilise..
People who live locally, whom we can help lo remain within their local community
People who have been unable to find a seNice that can meet their needs elsewhere due lo their particular
need
Demand for these services has remained strong, despite the slated preference lor other forms ol service
delivery amongst many Social Services departments, Our reputation is strong and we benefit from the Irusling
relationships we have with some key commissioners and from word-of-moulh recommendalions. As we had
anticipated, new referrals Iwhen we can a¢¢ept them following a vacancy arising) continue lo be mostly for
people with complex needs.
Page 10

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Generally speaking, local authorities are reluclanl lo refer people lo'lradilional. residential care unless their cafe
are too ¢tsmplex to be satisfactorily mat in other stylos of service délivery. The main effect on LIS of this i*
increased staff ratios as we support people with more severe learning disabilities and more Challenging needs.,
our recruilmenl, training and management of staff reflect this.
Our capacity al Purley Park will not increase in the foresee8ble fulLJre to meet the demand for places. There Is a
need (albeit not urgonll to invest in sorne of oiir oldp.r prnpprtie8 tt) ensure that our living environments continue
lo meet the needs ol the people we support and the anlicipaled needs of others who are yel lo move in. There is
a risk that if we fail lo address this issue that our income wi51 also be adversely affe¢led.
Risk Management
The management pursues a continuous and pro-active rrisk management strategy following idenlificalion and
assessment of the major risks lo which the Trust is exposed. These are reviewed regularly by the management
team and al least annually by the Governors al their January Board meeting.
The process used to assess and manage risk5 across the organisalion is reviewed regularly lo ensure that risks
are identified, analysed and managed effectively.
OLsr Organisalional Risk Matrix identifies risks according lo the following areas..
Govornance & Mansgemprit
Operational Risks
Financial Risks
Risks relating lo external factors
Legal l Regulatory Risks
General operational risks are assessed and managed by operational managers. However, if a significant level of
risk is identified land this cannot be salisfaclorily miligaled at an operational level) the risk rM8nagemenl plan is
reviewed regular5y by the Chief Executive.
PrinGipal Risks & Uncertaintie5
As a small organisalion, one of our key risks is losing key staff that perfonn wlal andlor technical functions for
us. We have done a considerable arnounl of work lo miligale this risk through succession planning, the
restructuring of our senior management tearn and the delegation of tasks lo reduce reliance upon individual
staff.
In addition, while our staff turnover is well below the aver8ge for organisalions that provide social care services,
we are wncerned that wage inflation in other sectors and unprecedented rises in the cost ol living may impact
severely on our ability to recruit and relain our workforce. We value our people highly and invest heavily in their
wclfare but thi-
-ituation will require constant rnonitoring and review for the foreseeable futuro.
Another key risk identified in our strategy is having insufficient capital lo meet our aspirations for the services we
deliver. We miligale this risk by..
Diversifying our services lo include new models that are not reliant UPDn significant capital outlay
Ensuring that our strategy is based upon pragmatic, long lem, sustainable objectives th81 also support
our long lem aims.
Working closely with OLJr partners lo ensure that OLJr long term aims are relevant to their strategic aims
and have their support where necessary
Maintaining a clear focus on the financial viabiliiy of rhe service we currently offer
Page 11

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
The most signifi¢anl risk las il is for all providers of ¢are and support services), currently is the conlinuing
uncertainly regarding the future of Health and Social Care services in the UK and the considerable financial
pressuros that th8 organi83tion$ Ihot purchauc our ￿¢TrIceS are under. While these matters are obviously not
under our control we have managed these risks so far by..
Diversifying our services, lo spread the risks in relation lo funding pressures
BLJilding ¢apacity and expertise lo provide services that represent excellent value for people with ¢omplex
needs, for which there is an inGreasing demand
Building relationships and partnerships wrth other agencies so that we can understand each others,
strengths and needs and ensure that we are viewed as a crucial part of their future plans
Being as efficient as possible, lo reduce waste, maximise the benefits we can deliver and providè
excellent services al very good value
Governors
The Govemors in office during the year were as follows..
Mr L D Jones OBE FCCA (Treasurer)
Mrs S Robinson
Mr C Tri¢key RIBA
Mr S R Barstow
Mrs A Cullimore-Todd
Miss R Keeling (Lhair ot I rusleesl
Mrs S Vandersleen
Mr Stephen Lewis
Govemors, who are also Trustees and Diredors, are appointed by the existing Governors and confirmed al the
Annual Gener81 Meeting. They seNe for a term of three years, when they may submit themselves for re-
election. The Chairman is elected by the Govemors and may serve as Chairman for no more than two
consecutive terms.
Bankers
The Trust's bankers during the period under review were the National Weslminsler Bank Plc.
Solicitors
The Trust's solicitors during the period under review were Messrs. Field Seymour Parkes, Reading.
Governors. Responsibilities Statement
The Governors (who are also directors of Purley Park Trust Limited for the purposes of company lawl are
responsible for preparing the Governors, report and the financial s121emenls accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Governors lo prepare financial slalemenls for each financial year. Under company
law the GoverrTrors musl not approve the financial statements unless they are satisfied that they give a true and
fair view of the slate of affairs of the charitable ¢ompany and of Ihe incoming resources and application of
resources, including the income and expenditure, of the charitable cornpany for that period. In preparing these
financial slalemenls, the Governors are required lo..
select suitable accounting policies and then apply them consislenlly.,
ubb¥iv¥ tlie rnelhods and principles in the Charflles SORP.,
make judgements and accounting eslimales that are reasonable and piudenl.,
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume (hal the
charitable company will continue in operation.
Page 12

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
The Governors are responsible for keeping adequate a￿OUntIng records that are sufficient to show and explain
the charitable company's transactions and disclose with reasonable accuracy al any lime the financial position of
the Gharitable ¢ompany 2nd enable th&m to 8nsur8 thst th8 finsncial slatemonts comply with the Compsniès Act
2006. They are also respollsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Auditors
So far as each of the Governors is aware al the lime the report is approved..
there is no relevant audit information of whi¢h the company's auditors are unaware", and
the Governors have taken all steps that they ought to have taken lo rllake themselves aware of any
rel&v8nt audit information and to establish that the auditors are. AwArp. nf th2t infnrmatian
A resolution passed at the Annual General Meeting appointed James Cowper Kreslon Audit, Reading Bridge
House, George Street, Reading, as auditors lo the Trust for the financial year.
Approved by ord
oft
e members of the board of Governors and signed on their behalf by..
Mr L C Grady
Secretary
Dale..
Page 13

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PURLEY PARK TRUST LIMITED
Oplnlon
We have audited the finan¢ial slalemenls of Purtey Park Trust Limited Ilhe 'charily'l for the year ended 31 March
2024 which comprise the Slalernenl of financial activities, the Balance sheet, the Statement of cash flows and
the related notes, including a summary of significant accounting policies. The fsnancial reporting frarnework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and RepLJblic ol
Ireland, (United Kingdorn Generally Accepted Accounting Pradicel.
In our opinion the financial stalemenls..
give a true and fair view of the slate of the charitable companls affairs as al 31 March 2024 and of its
incoming resources and application of resources, including its in¢c)me and expendrture for the year then
ended.,
have been pmpedy prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are turther described In the Auditors. responsibilities lor the audit
of the financial slalemenls section of our report. Wè are illdependenl of the charitable company in accordancè
with the ethical requirements that are relevant lo our audit of the lin8ncial slalemenls in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
sn auditing the financial slalemenls, we have concluded that the Governors, uqp nf th?. gning conc.em basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
¢ondilions that, individually or collectively, may cast significant doubl on the charitabltt company's ability lo
continue as a going con￿rn for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Goverllors wrfth respe¢l lo going concern are described in the
relevant sections of this report.
Page 14

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PURLEY PARK TRUST LIMITED
ICONTINUEDI
Other information
The other information comprises the information included in the Annua5 report other than the financial slalemenls
and our Auditors, report thereon. The Governors are responsible for the other information ¢onlained within the
Annual report. Our opinion on the financial slalemenls does not cover the other information and, except lo the
extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our
responsibility is to read the other Inlormation and, in doing so. consider whether the other infoirTidliuii i
materially inconsislenl with the financial slalemenls or our knowledge obtained in the course Df the audit, or
olhenvise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material
misslalemenls, we are required lo delemiine whether this gives rise lo a material misslalemenl in the financial
slalemenls themselves. If, based on the work we have performed, we conclude that there is a material
misslalemenl of Ihis other inform81ion, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Governors, Report including the Slralegi¢ Report for the financial year for
which the financial statern8nt￿ are. prp.riargd 1% consistent with the finan¢ial slalemenls.
the Governors, Report and the Slr81egi¢ Report have been prepared in a¢¢ordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the Sight ol our knowledge and understanding of the charitable company and ils environrnenl obtained in the
course of the audit, we have not identified material rnisstatemenls in the Governors, Report in¢luding the
Strategic Report.
We have nothing lo report in respect of the following rnallers in relation lo which Companies Act 2006 requires
us lo report to you if, in our opinion..
8dequale accounting records have not been kept, or returns adequate for tsur audit have not been
received from branches not visited by us., or
the financial slalemenls are not in agreernenl with the accounting records and returns., or
certain disclosures of Governors, remuneration speoified by law are not made,. or
we have not received all the information and explanations we require for our audit.
RÈsponsibilitios of trustees
As exp18ined more fully in the Governors, responsibilities statement. the Governors (who are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
slalemenls and for being salisfsed that they give a true and fair view, and for such internal control as the
Governors delerrmine is necessary lo enable the preparation of financial statements that are free froTM rllaterial
misslalemenl, whether due lo fraud or error.
In preparing the financial slatemenls, the Governors are responsible for assessing the charitable company's
ability lo GontinLJe as a going concern, disclosing, as applicable, matters related lo going concern and usillg the
going concem basis of accounting unles5 the Guvei Ilvlb ¢ltliei" iiiteiid to liquidate the charitable Gomp8ny or to
cease operations, or have no realistic allemalive bul lo do so.
Page15

PURLEY PARK TRUST LIMITED
IA company limited by guaranteel
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF PURLEY PARK TRUST LIMITED
ICONTINUEDI
Auditors. responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance aknoul whether the financial statements as a whole are free
from material misslalemenl, whether due lo fraud or error, and lo issue an Auditors. report that includes our
opinion. Reasonable assurance is a high level of assuranoe, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misslalemenls Can arise
from fraud or error 2nd are considered material if, individually or in the aggregate, they could reasonably be
expected lo Influen￿ the economic decisions of users taken on the basis of these financial slalemenls.
Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design procedures
in line with our responsibilities, outlined above. lo delecl material misslalemenls in respgct nf irrpoiilarities,
including fraud. The extent lo which our procedures are capable of delecling irregularities. including fraud is
detailed below..
Enquiry of management, those Charged with governance around actual and potential liligalion and Claims.,
Enquiry of management and those Charged with governance lo identify any material instances of non
compliance with laws and regulations",
Reviewing financial slalemenl disclosures and testing lo supporting documentation to assess compliance
with 8pplicabl¢ laws and regulations",
Performing audit work over the risk of management override of controls, including lesling of journal entries
and other adjuslmenls for appropriateness, evaluating the business rationale of significant transactions
outside the normal Course of bLJsiness and revieing a¢Gounling eslimales for bias.
Because of the inherent limitations of an audit, there is a risk that we will nol delecl all irregularities, including
those leading lo a material misstalemenl in the financial slalemenls or non-compliance regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial slatemenls, as we will be less likely lo become awarè of in.8tanr.p.È nf non-compliance.
The Fisk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional ¢oncealmenl, forgery, collusion, omission or misrepresenlalion.
A further description of our responsibilities for the audit of the financial slalemenls is lo¢aled on the Financial
Reporting Council's website al.. www.frc.or
.LJklaudilorsres
Auditors, report.
onsibililies. This description forms part of our
Page16

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PURLEY PARK TRUST LIMITED
ICONTINUEDI
Use ofour report
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable
company's members those matters we are required to stale lo them in an Auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and Ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
P.
Alexander Peal Bsc (Honsl FCA DChA (Senior statutory auditorl
for and on behalf of
James Cowper Kreston Audit
Chartered Accounlanls and Slalulory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
Dale. 20 December 2024
Page 17

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Total
funds
Total
funds
2023
2024
Note
Income from..
Donation- and Icgacic-
Charitable aolivilies
Gain on sale of property
Investments
124,931
5,947,182
195,675
29,893
124,931
5,947,182
195,675
29,893
122,39G
5,441,185
11,468
Total income
6,297,681
6,297,681
5,575,049
Expenditure on..
Ch8ritsble aclivilies..
Charitable Activities
S,727,745
5,727,745
5,498,540
Total expenditure
5,727,745
5,727,745
5,498,540
Net movement in funds
569,936
569,936
76,509
Reconciliation of funds..
Total funds brought for¥vard
Nel movement in funds
5,606,613
569,936
5,606,613
569,936
5,530,104
76.509
Total funds carried fonmard
6,176,549
6,176,549
5,606.613
The notes on pages 2110 38 form part of these financial stalemenls.
Page18

PURLEY PARK TRUST LIMITED
IA company limited by guaranteel
REGISTERED NUMBER: 00989820
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Flxed assets
Tangible assets
Current assets
14
4,931,088
5,250,064
Debtors
Cash al bank and in hand
15
1,003,004
1,312,275
577,893
891,825
2,315,279
1,469,518
Creditors.. amounts falling due within one
year
18
1440.5621
1447,8801
Net current assets
1,874,717
1,021,638
Total assets less ¢urrent liabilities
6,805,805
6,271,702
Creditors.. amounts falling due after more
than one year
17
1629,2561
1665.0891
Total net assets
6,176,549
5,608,613
Charity funds
Unrestricted funds
Designated funds
G¥ii¥rdl fuiids
18
4,981,088
1,195.461
5,300,064
306,54
Total unreslricled funds
6,176,549
5,606,613
Total funds
6,176,549
5,606,613
The Governors acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial slalemenls.
The financial slalemenls were approved and aulhorised for issue by the Governors and signed on their behalf
by..
R Keeling
Chair of Trustees
Dale.. I fs I ILIzozF,
The notes on pages 21 10 36 forrll part of these financial slalemenls.
Page 19

PURLEY PARK TRUST LIMITED
IA company limitèd by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows trom operating activities
Nel cash used in operating activities
72,021
65,512
Cash flows from investing activities
Dividends, interests and rents from investments
Proceeds frorll the sale of tangible fixed assets
Purchase of tangible fixed assets
29,893
445,381
158,8591 1705,5161
11,468
Net cash provided byllused in) investing activities
416,415
1694,0481
Cash flows from financing activities
Repayments of borrowing
Loan funds received
167,9861
1470,5521
718,000
Net cash (used inllprovided by financing a¢tivitles
167,9861
247,448
Change in cash and cash equivalents in the year
Cash and cash equivalents al the beginning of the year
420,450
891,825
1381,0881
1,272,913
Cash and cash equivalents at the end of the year
1,312,275
891,825
The notes on pages 21 to 36 forrn part of these financial slalemenls
Page 20

PURLEY PARK TRUST LIMITED
IA Company limited by guarantee)
NOTE.S TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
Purley Park Trust Limited is a company limited by guarantee incorporstcd in England and Wales with
registered address 12 Huckleberry Close, Purley On Thames, Reading, Berkshire, RG8 8EH.
The meTrnbers ol the company are the Governors named on page 1. In the event of the charity being
wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity.
Accounting policies
2.1 Basi5 of preparation of financial statements
The financial slalemenls have been prepared in accordance w(th the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice appli¢able to charities
preparing their accounts in a¢cordance with the Finaricial Reporting Standard applicable in the UK
and Republic of Ire12nd IFRS 1021 leffective 1 January 20191, the Finan¢ial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Purley Park Trust Limited meets the definition of a public benefit entity under FRS 102, Assets and
liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the
relevant a¢counting policy.
2.2 Donations, bequests and other receipts
Donations and bequests are accounted for on a receivable basis. Donations in kind are in¢luded al
the estimated value lo the Gharity.
2.3 Government grants
Governrnenl grants are credited to the Slalement of financial activities as the related expenditure is
incurred.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity," this is normally upon nolificalion of the interest paid or payab5e by the
institution with whom the funds are deposited.
2.5 Allo¢ation of overheads
Overheads are allocated specifically either lo direcl charitable expenditure or costs of generating
funds. except for governance costs which are disclosed separately.
2.6 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Governors iri
fLJrtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated fund5 comprise unrestricted funds that have been sel aside by the Governors for
P8rtiGular purposes. The aim and use of each designated fund is sel out in the notes lo the financial
slalemenls.
Page21

PURLEY PARK TRUST LIMITED
IA ¢ompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinued
2.7 Income
All income is reoognised once the Charity has entillemenl lo the income, it is probable that the
income will be received and the amount of income receivable Can be measured reliably.
For legacies, enlillemenl is taken as the earlier of the dale on which either.. the charity Is aware that
probate has been granted, the eslale has been finalised and nolificalion has been made by the
execulorlsl to the Trust that a distribution will be made, or when a distribution is received from the
estate. Re¢eipl of a legacy, in whole or in part, is only considered probable when the amouril can be
measured reliably and the charity has been notified of the executor's intention lo make a distribution.
Where legacies have been notified to the ¢harily, or the charity is aware of the grallling of probate,
and the criteria for Income re¢ognrtion have not been mel, then the legacy is Irealed as a contingent
asset and disclosed if material.
Donated services, facilities or assets are recognised when the charity has control over the item, any
conditions associated with the donated item have been mel, the receipt Df e¢onomiG benefit frorn the
use of the charity of the item is probable and that economic benelil call be Tneasured reliably. In
accordance with the Charities SORP IFRS 1021, the general volunteer lime of the Friends is not
recognised and refer lo the Governors. report for more information about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift to the Charity which is the amount il would have been willing to pay lo obtain services or
facilities of equivalent economic benefit on the open market," a corresponding amount is then
recognised in expenditure in the period of receipt.
Income lax recoverable in relation lo donations re￿iVed under Gift Aid or deeds of ¢ovenanl is
recognised at the lime ol the donation.
Incorne lax recoverable in relation lo investment income is recognised al the lime the investment
income is receivable.
Page 22

PURLEY PARK TRUST LIMITED
IA company limited by yuaranteel
NOTES TO THE fiNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies l¢ontinued
2.8 Expenditure
Expenditure is recognised once there is a legal or conslruolive obligation lo transfer economic benefit
lo a third party, il is probable that a Iransfei of eGonomic benefits will be required in settlement and
the amount ol the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the lolal of direct Costs and shared costs, including support costs
involved in undertaking each activity. Direct costs allribulable lo a single a¢livily are allocated directly
to that activity. Shared costs which contribute lo more than one activity alld support costs which are
not allributable lo a single activity are apportioned betrween those activities on a basis consislenl with
the use of resouices. Central staff costs are allocated on the basis of lime spent, and depreciation
charges allocated on the portion of the asset's use.
Support ¢osls are those costs incurred directly in support of expenditure on the Dbjecls of the ¢harity
and include project management carried out al Headquarters. Governance costs are those incurred
in ¢onneclion with administration of the charity and compliance with conslilutional and slalulory
requirements.
Charitable activities and GovernanGe costs are costs incurred on the charitys operations, including
support Costs and Costs relating to the governance of the charity apportioned lo ¢haritable aclivilies.
All expenditure is Inclusive of irrecoverable VAT.
2.9 Tangible fixed assets and depreGiation
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be Measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al oosl less accumulated depreciation and any accurnulaled impairment
losse5. All costs incurred lo bring a tangible fixed asset into ils intended working ¢ondilion should be
in¢luded in the measurement of Cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the slraighl-line method.
DepreciBlion is provided on the following basis..
Freehold property
Improvements lo leasehold
properties
Mulur veliitsleb
Furnishings and fillings
OffiGe eqLJipmenl
Workshop gard&n equipment
2°
20°
250/0
2.10 Debtors
Tr8de and other debtors are recognised al the settlement amount after any trade discount tsffered.
Prepayments are valued al the arnounl prepaid nel of any trade discounts due.
2.11 Cash at bank end in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
Page 23

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.12 Liabllities and provisions
Liabilities are recognised when there is an obligalioll al the BalanGe sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the selllemenl Can be eslimaled reliably.
Liabilities are recognised al the amount that the Charity anlicipales il will pay lo sellle the debt or the
amount il has received as advanced payments for the goods or services il musl provide.
Provisions are measured al the best estimate of the amounts required lo settle the obliqalion. Where
the effect ol the lime value of money is material, the provision is based on the present value c>f those
amounts, discounted at the pre-tax discount rale that reflects the risks specifi¢ to the liability. The
unwinding of the discount is recognised in Ihts Slalemenl of financial activities as a finance cost.
2.13 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised al Iransa¢lion value and subsequently
measured al their selllemenl value with the exception ol bank loans which are subsequently
measLJred al amortised cost Ljsing the effective interest method.
2.14 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
Critical a¢¢ounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectatlons of future events that are believed to be reasonable under the
¢irGumslances.
Critical accounting eslimales and assumptions..
The preparation of the financial slalements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as 21 the balance sheet dale and
the amounts reported for income and expenses dLJring thè year. However, the nature of eslimalion means
that actual OLJt¢omes could differ from Ihc>se eslimales. The following judgements lapart fron) those
involving eslimalesl have had the most significant effect on amounts recognised in the financial
Statements.
Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where
appropriate. The actual lives of the assets and residual values are assessed annually and may vary
depending on a number of 12clors. Residual value assessments consider issues such as the remaining
life of the asset and projected disposal values.
Page 24

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE fiNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Lega¢ies
124,931
124,931
17,504
104,892
124,g31
124,931
122.396
Tolsl 2023
122,396
122,396
Income fiom charitable a¢tivities
u￿r￿trICted
funds
2024
Total
funds
2024
Total
funds
2023
Fees for ¢are services
Residents, travel wnlribulions
Miscellaneous income
5,785,299
110,673
51,210
5,785,299
110,673
51,210
5,308,071
93,458
39,656
5,947,182
5,947,182
5,441,18
Total 2023
5,441,185
5,441,185
Other income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Gain on sale of property
195,675
195,675
Page 25

PURLEY PARK TRUST LIMITED
IA company limited by guaranleel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment incorne
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Interest receivable
29,893
29,893
11,488
Total ?n2.3
11,468
11,468
Analysis of expenditure on charitable a¢tivities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Tnfxl
2023
Care service costs
Support costs
5,083,460
644,285
5,083,460
644.285
4,925,621
572,919
5,727,745
5,727,745
5,498,540
Total 2023
5,498,540
5,498,540
Summary by expenditure type
staff costs Depreciation Other Costs
2024
2024
2024
Total
2024
Total
2023
Care service costs
Support costs
4,134,307
421,058
128,129
821,024
223,227
5,083,460
644,285
4,925,621
572,919
4,555,365
128,129
1,044,251
5,727,745
5,498,540
Total 2023
4,385.068
127,267
986,205
5,498,540
Page 26

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of èxpenditure by activities
Activities
undertaken
direGtIy
2024
Support
¢osts
2024
Total
funds
2024
Total
funds
2023
Care service costs
Support costs
5,083,460
5.083,460
644,285
4,925,621
572,919
644,285
5,083,480
644,285
5.727,745
5,498,540
Total 2023
4,925,621
572,919
5,498,540
Analysis of support costs
Total
funds
2024
Total
funds
2023
Wages and salaries
Office costs
Subscriptions
Bank Ghargeb
Audit fees
Interest payable
Marketing, fundraising, entertainment
Governance costs
421,058
148,517
20,385
3,90
8,750
33,882
4,S72
3,220
365,207
140,015
17,657
4.325
8,135
26,231
6,284
5,065
644,285
572,919
10.
Auditors, remuneration
2024
2023
Fees payable lo the Charills auditor for the audit of the Charity's annual
accounts
8,750
8,135
Fees payable lo the Charity's auditor in respect of..
Prgpilldtioii of the CharitV5 annual aG¢ount-
4,000
3,885
Page 27

PURLEY PARK TRUST LIMITED
IA company limited by guaranteel
NOTES TO THI fiNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Staff costs
2024
2023
Wages and salaries
Social security costs
Lontribution lo defined contribution pension schemes
4,123,835
325,657
105,873
4,005,725
283,186
96,157
4,555,365
4,385,088
During the year, the Charity made redundancy payments of £6,18512023". £Nill lo one employee12023'.
The average nurnber ol persons employed by the Charity dLJring the year was as follows".
2024
2023
No.
Care
161
166
12
Adminislralion
174
178
The number of employees whose employee benefits lexcluding employer pension costs) exceeded
£60,000 was..
2024
2023
In the band £60,001 £70,000
In the band £80,001- £90,000
In the band £90,001 - £100,000
During the year remuneration paid lo key management personnel lolalled £243,78912023.. £242,143).
12. Governors. remuneration and expenses
During the ycar, no Governor8 received any Femuiiei"atiuii ur other benefits12023- £NILI.
During the year ended 31 March 2024, no Govemor expenses have been incurred12023 - £NILI.
13.
Tax on surplus on ordinary activities
In the view of the Company's ¢harilable slalus, no liability lo UK ctsrptsralion lax arises on any surplus for
the year.
Page 28

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTE8 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Tangible fixed assets
Workshop
Improvements Fixtures
garden
to leasehold
and
Office equipment
properties
fittings equipment
and cars
Freehold
property
Total
Cost or valuation
Al 1 April 2023
Additions
Disposals
5,371,122
133,779 301,835
80,112
204,264 6,091,112
58,859
58,859
143,3771 1485,1851
1270,8311
1136,0881
134,8891
Al 31 March 2024
5,100,291
133,779 165,747
45,223
219,746 5,664,786
Depreciation
Al 1 April 2023
Charge for the year
On disposals
343,95S
77,155
121,1251
22,431 226,521
65,320
6,689
18,996
7,801
1136,0881 134,8891
182,821
841.048
17,488
128,129
143.3771 1235.4791
Al 31 March 2024
399,985
29,120 109,429
38,232
156,932
733,698
Net book value
Al 31 March 2024
4.700,306
104,659
56,318
6,991
62,814 4,931,088
At 31 March 2023
5,027,167
111,348
75,314
14.792
21,442 4 ?4n flfi4
Included in freehold property is freehold land al CDSI of £1.868,179 12023.. £1,962,970) which is not
depreciated.
Page 29

PURLEY PARK TRUST LIMITED
IA company IiTnited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15.
Debtors
2024
2023
Due within one year
Trade debtors lincluding Residents)
Other debtors
Prepayments and a¢¢rued incorne
456,307
6,764
539,933
377,891
7,255
192,547
1,003,004
577,693
16. Creditors.. Amount5 falling due within one year
2024
2023
Bank loans
Trade creditors lincluding Residents)
Other taxation and social security
Other creditors
Ac¢ruals and deferred income
35,531
78,841
81,052
142,764
102,374
33,802
58,799
58,883
164,084
132,312
440,562
447,880
Page 30

PURLEY PARK TRUST LIMITED
IA cornpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Creditors- Amounts falling due after more than one year
2024
2023
Bank loans
629,256
665,089
Included within the above are amounts falling due as follows..
2024
2023
Between one and two year
Bank loans
37,348
35,531
Between two and five years
Bank loans
80,528
76,608
Ov&r five years
Bank loans
511,380
552,950
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the
reporting dale is.
2024
2023
Repayable by inslalmenls
511,380
552,950
Bank loan-
arc ￿ecUred with charges over assets with 2 combinp.d C.ll.￿t of £589.678 12023.. £589,678),
and nel book value of £576,90212023.. £584.5681.
Page 31

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE fiNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Statement of funds
Statement of funds - ¢urrent year
Balance at
31 MarGh
2024
Balance at I
April 2023
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Property Repairs fund
Fixed Assets fund
50,000
5,250,064
50,000
4,931,088
1128.1291
1190,8471
5,300,064
1128,1291 1190,8471 4,981,088
General funds
Accumulated general fund
306,S49
6,297,681
15,599,616)
190,847
1.195,461
Total Unrestricted funds
5,606,613
6,297,681
15,727,745)
6,176,549
Designated funds..
The property repairs fund ￿lateS 10 amounts earmarked for essential repairs lo the Irusl's properties.
The fixed assets fund represents the net book value of th& Irusl's fixed assets. The Trustees delerrnined
that the nel book valij? nf thè IrLlSt's fixed assets should b¢ held in a dasignated fund to provide 8 better
understanding of the trust's unreslricled funds.
Page 32

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
Statement of funds Icontinuedl
Statement of fund$ - prior year
Balance at
31 March
2023
Balance at
1 April 2022
Transfers
inlout
Income Expenditure
Unrestrictèd funds
Designatèd funds
Property Ropairs fund
Fixed Assets fund
50.000
5,250,064
4,678,854
1127,2671
698,477
4,728,854
1127,2671
698,477
5,300,064
General funds
AccLJmulaled general fund
801.250
5,575,049
15.371,2731
1698,4771
306,549
Total Unrestricted funds
5,530,104
5,575,049
15,498,540)
5,606,813
19.
Summary offunds
Summary of fund5 - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
IncoTne Expenditure
Designated funds
Gener21 funds
5,300,064
306,549
1128,1291 1190,8471
15,599,616)
190,847
4,981,088
1,195,461
6,297,681
5,606,613
6,297,681
15,727,745)
6.176,549
Page 33

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO TIIE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 MARCH 2024
19. Summary of fund5 Icontinuedl
Summary of funds - prior year
Balance al
31 March
2023
Balance al
1 April 2022
Transfers
inlout
Income Expenditure
Designated funds
General funds
4,728,854
801,250
1127,2671
15,371,273)
698,477
1698,4771
5,300,064
306,549
5,575,049
5,530,104
5,575,049
15,498,540)
5,606,613
20. Analysis of net assets between funds
Analysis of llet assets bètween funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
4,931,088
4,931,088
2,315,279
2,315,279
1440,5621 1440,5621
1629,2561 1629,2561
Total
6,176,549
6,176,549
Analysis of net assets between funds - prior period
Unrestri¢led
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
5,250,064
5,250,064
1,469,518
1,469,518
1447,8801
1447,8801
1665,0891 {665,0891
Total
5,606,613
5,60S,613
Page 34

PURLEY PARK TRUST LIMITED
IA Gompany limited by guarantee)
NOTE.S TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. Reconciliation of net movement in funds lo ngt cash flow from operating activities
2024
2023
Net income for the period las per Slalement of Financial Acliviliesl
569,936
76,509
Adjustments for..
Depreciation charges
Interest paid on loan
Dividends, inleietslb iirid I¥Tltb Iroin iiivestments
(Gain) l Loss on the disposal of fixed assets
Increase In debtors
Decrease in Creditors
128,129
33,882
129.8921
1195,6751
1425,3121
19,0471
127,267
26,231
111,4681
7,039
1125,4381
134,6301
Net cash provided by operating a¢tivlties
72,021
65,512
22. Analysis of Gash and cash equivalents
2024
2023
Cash in hand
1,312,275
891,825
Total cash and cash equivalents
1,312,275
891,825
23. Analysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
891,825
133,8021
1665,0891
420,450
11,7291
35,833
1,312,275
135,5311
1629,2561
192.934
454,554
647,488
24.
Pension commitments
The ¢ompany operate-
defined contribution sch8mg in respect of its employees. Contributions
charged in the financial slalemenls as incurred and there were oulslanding contributions as al the balance
sheet dale of £21,536 12023.. £16,123). Pension costs charged in the year were £105,873 12023..
£96,157).
Page 35

PURLEY PARK TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
25. Operating lease commitments
At 31 March 2024 the Charity had cornmitmenls to iiiake future iiiiiiiniuiTI ViayiTients under non-
cancellable operating leases as follows".
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
12,980
43,446
464
1,356
2,084
465
56,890
3,905
26.
Related party transactions
The Charity has not enterèd into any related party transaction during the year, nor are there any
oulslanding balances owing between related parties and the Charity at 31 March 2024.
The Charity has the following related parties..
The Friends of Purley Park
The Friends of Purfey Park is the suc￿Ss0r body to the League of Friends, which was formed in 1970 10
raise funds with which lo enhance the lives of the Residents. The Friends of Purley Park, although a
separate body, operate5 under the guidance of the Governors (Trusleesl of Purley Park Trust who relain
responsibility for it.
The charity made payments during the year of £22,175 12023 £nill lo Steve Taylor in respect of
maintenance services. bleve Is the spouse of Karen Taylor, who is part of the key management
personnel of the charity.
27. Controlling paty
The ullirllale controlling party is that of the governors as slated on page 1.
Page 36